Vault-13

FERROVIAL SE FER

ORD SHS · Common Stock · CUSIP N3168P101

174 institutional holders +27 vs Q1 2025
198,284,055198.3m shares reported held*
$10.6bnreported value*
34 new 89 added 44 reduced 5 sold out net bought ≈ $378.5m (+7.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.28. Options: 10 managers hold calls ($43.9m notional), 3 hold puts ($1.6m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q2 24: 88Q3 24: 109Q4 24: 135Q1 25: 147Q2 25: 174174Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q2 202488
Q3 2024109
Q4 2024135
Q1 2025147
Q2 2025174

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 24: 62 bought or addedQ3 24: 38 cut or sold outQ3 24Q4 24: 71 bought or addedQ4 24: 59 cut or sold outQ4 24Q1 25: 87 bought or addedQ1 25: 52 cut or sold outQ1 25Q2 25: 123 bought or addedQ2 25: 49 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20246238
Q4 20247159
Q1 20258752
Q2 202512349

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60mQ3 24 calls: $18.0mQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $18.4mQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $25.6mQ1 25 puts: $5.6mQ1 25P/C 0.22Q2 25 calls: $43.9mQ2 25 puts: $1.6mQ2 25P/C 0.04
Numbers
QuarterCallsPutsP/C
Q3 2024$18.0m$00.00
Q4 2024$18.4m$00.00
Q1 2025$25.6m$5.6m0.22
Q2 2025$43.9m$1.6m0.04

Biggest buyers

UBS Group AG Added +5,542,171+5.5m
BANK OF AMERICA CORP /DE/ Added +4,667,274+4.7m
JPMORGAN CHASE & CO Added +1,024,688+1.0m
DEUTSCHE BANK AG\ Added +891,899+891.9k
ClearBridge Investments Ltd Added +643,042+643.0k
VANGUARD GROUP INC Added +601,503+601.5k
HSBC HOLDINGS PLC Added +472,349+472.3k
FIL Ltd Added +363,368+363.4k
ACADIAN ASSET MANAGEMENT LLC New +284,179+284.2k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +268,774+268.8k

Biggest sellers

Amundi Reduced -6,124,790-6.1m
Banco Santander, S.A. Reduced -2,433,479-2.4m
Korea Investment CORP Reduced -299,346-299.3k
Legal & General Group Plc Reduced -271,017-271.0k
NORGES BANK Reduced -247,139-247.1k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -163,283-163.3k
Partners Group Holding AG Reduced -156,666-156.7k
FMR LLC Reduced -125,426-125.4k
M&G PLC Reduced -123,819-123.8k
NATIONAL BANK OF CANADA /FI/ Reduced -88,284-88.3k

Biggest calls

GOLDMAN SACHS GROUP INC Added $11.7m218.9k shares
SIH Partners, LLLP Reduced $10.5m195.5k shares
JPMORGAN CHASE & CO New $8.0m150.0k shares
BANK OF AMERICA CORP /DE/ Added $6.7m125.0k shares
UBS Group AG New $5.4m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $728.6k13.6k shares
CITADEL ADVISORS LLC New $460.7k8.6k shares
GROUP ONE TRADING LLC New $428.6k8.0k shares
SIMPLEX TRADING, LLC New $26.0k500 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

BANK OF AMERICA CORP /DE/ Unchanged $1.3m25.0k shares
SIH Partners, LLLP New $219.6k4.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Rijn Capital SARL 13G · exempt (held before listing) filed 2026-07-29 22.3% 159.5m≈ $10.9bn 2026-07-29
del Pino Calvo-Sotelo Maria 13G · exempt (held before listing) filed 2025-11-13 8.8% 62.9m≈ $4.3bn 2025-11-13
BlackRock, Inc. 13G · institution new · filed 2026-10-27 5.0% new 36.8m≈ $2.5bn 2026-10-27

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HSBC HOLDINGS PLC 0.87% of their portfolio LONDON, X0 25,386,22425.4m $1.3bn $1.3bn 0.87% Added +472.3k +472,349
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 19,957,33820.0m $1.1bn $1.1bn 0.02% Added +601.5k +601,503
3 TCI FUND MANAGEMENT LTD 2.05% of their portfolio LONDON, X0 19,470,66619.5m $1.0bn $1.0bn 2.05% Added +137.2k +137,238
4 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 17,054,15317.1m $913.6m $913.6m 0.07% Added +4.7m +4,667,274
5 FIL Ltd 0.64% of their portfolio HAMILTON, D0 13,988,72114.0m $745.8m $745.8m 0.64% Added +363.4k +363,368
6 Amundi 0.21% of their portfolio Paris, I0 11,512,09911.5m $609.6m $609.6m 0.21% Reduced -6.1m -6,124,790
7 NORGES BANK 0.06% of their portfolio OSLO, Q8 9,351,0459.4m $498.6m $498.6m 0.06% Reduced -247.1k -247,139
8 CITIGROUP INC 0.31% of their portfolio NEW YORK, NY 8,546,2068.5m $454.0m $454.0m 0.31% Reduced -466 -466
9 UBS Group AG 0.09% of their portfolio ZURICH, V8 8,478,6228.5m $454.2m $454.2m 0.09% Added +5.5m +5,542,171
10 Legal & General Group Plc 0.09% of their portfolio London, X0 6,766,2956.8m $359.6m $359.6m 0.09% Reduced -271.0k -271,017
11 FMR LLC 0.02% of their portfolio BOSTON, MA 6,531,9936.5m $348.2m $348.2m 0.02% Reduced -125.4k -125,426
12 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 6,342,5596.3m $339.8m $339.8m 0.02% Added +1.0m +1,024,688
13 Banco Santander, S.A. 2.16% of their portfolio Madrid, U3 4,241,7094.2m $227.2m $227.2m 2.16% Reduced -2.4m -2,433,479
14 BARCLAYS PLC 0.09% of their portfolio LONDON, X0 4,137,8554.1m $221.7m $221.7m 0.09% Added +17.0k +17,013
15 DEUTSCHE BANK AG\ 0.07% of their portfolio FRANKFURT AM MAIN, 2M 3,512,3363.5m $188.2m $188.2m 0.07% Added +891.9k +891,899
16 ClearBridge Investments Ltd 3.72% of their portfolio SYDNEY, C3 3,164,7823.2m $169.5m $169.5m 3.72% Added +643.0k +643,042
17 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.11% of their portfolio FRANKFURT AM MAIN, 2M 1,994,4512.0m $105.9m $105.9m 0.11% Reduced -38.1k -38,083
18 THORNBURG INVESTMENT MANAGEMENT INC 1.18% of their portfolio SANTA FE, NM 1,716,4991.7m $91.6m $91.6m 1.18% Added +5.1k +5,138
19 DekaBank Deutsche Girozentrale 0.15% of their portfolio FRANKFURT, 2M 1,628,8461.6m $86.4m $86.4m 0.15% Reduced -26.8k -26,786
20 Swiss National Bank 0.05% of their portfolio ZURICH, V8 1,549,6421.5m $82.2m $82.2m 0.05% Added +188.9k +188,879
21 J. Safra Sarasin Holding AG 1.30% of their portfolio BASEL, V8 1,415,3941.4m $75.2m $75.2m 1.30% Reduced -4.5k -4,544
22 Nuveen, LLC 0.02% of their portfolio CHARLOTTE, NC 1,401,3461.4m $74.5m $74.5m 0.02% Reduced -72.6k -72,601
23 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,205,6671.2m $64.6m $64.6m 0.01% Added +90.9k +90,887
24 1832 Asset Management L.P. 0.09% of their portfolio TORONTO, A6 1,001,9271.0m $53.7m $53.7m 0.09% Added +15.4k +15,444
25 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 997,444997.4k $53.4m $53.4m 0.01% Reduced -163.3k -163,283
26 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 780,360780.4k $41.5m $41.5m 0.03% Reduced -4.5k -4,455
27 M&G PLC 0.22% of their portfolio London, X0 743,366743.4k $39.4m $39.4m 0.22% Reduced -123.8k -123,819
28 Partners Group Holding AG 1.73% of their portfolio BAAR-ZUG, V8 657,502657.5k $34.9m $34.9m 1.73% Reduced -156.7k -156,666
29 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 656,135656.1k $35.1m $35.1m 0.01% Reduced -63.0k -63,016
30 Pictet Asset Management Holding SA 0.03% of their portfolio CAROUGE, V8 619,313619.3k $32.9m $32.9m 0.03% Added +69.5k +69,450
31 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 605,725605.7k $32.4m $32.4m 0.00% Added +2.7k +2,682
32 Maryland State Retirement & Pension System 0.70% of their portfolio BALTIMORE, MD 598,035598.0k $31.9m $31.9m 0.70% Reduced -24.3k -24,332
33 Luxor Capital Group, LP 4.14% of their portfolio NEW YORK, NY 594,060594.1k $31.8m $31.8m 4.14% Reduced -77.8k -77,795
34 AVIVA PLC 0.06% of their portfolio LONDON, X0 584,758584.8k $31.2m $31.2m 0.06% Added +39.7k +39,725
35 AXA S.A. 0.08% of their portfolio PARIS, I0 518,647518.6k $27.8m $27.8m 0.08% Reduced -31.7k -31,729
36 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 513,106513.1k $27.3m $27.3m 0.04% Added +145.3k +145,303
37 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 499,862499.9k $26.7m $26.7m 0.02% Added +3.5k +3,523
38 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 496,437496.4k $26.6m $26.6m 0.01% Added +116.2k +116,229
39 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio BOSTON, MA 454,483454.5k $24.2m $24.2m 0.02% Added +268.8k +268,774
40 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 426,373426.4k $22.7m $22.7m 0.03% Reduced -42.2k -42,205
41 Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio ZURICH, V8 331,280331.3k $17.6m $17.6m 0.04% Added +24.0k +23,970
42 Skye Global Management LP 0.37% of their portfolio WEST PALM BEACH, FL 324,500324.5k $17.4m $17.4m 0.37% Added +50.5k +50,500
43 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 314,462314.5k $16.8m $16.8m 0.01% Added +22.8k +22,771
44 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 298,512298.5k $15.9m $15.9m 0.01% Added +28.6k +28,644
45 ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio Boston, MA 284,179284.2k $15.1m $15.1m 0.03% New
46 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 283,071283.1k $15.1m $15.1m 0.01% Reduced -59.1k -59,131
47 Public Sector Pension Investment Board 0.06% of their portfolio MONTREAL, A8 278,247278.2k $14.8m $14.8m 0.06% Added +21.5k +21,458
48 Groupe la Francaise 0.21% of their portfolio PARIS, I0 242,339242.3k $13.0m $13.0m 0.21% Added +92.1k +92,139
49 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 240,770240.8k $12.8m $12.8m 0.01% Added +21.9k +21,920
50 AMF Tjanstepension AB 0.08% of their portfolio STOCKHOLM, V7 237,155237.2k $12.6m $12.6m 0.08% Added +98.4k +98,382
51 Korea Investment CORP 0.03% of their portfolio SEOUL, M5 236,472236.5k $12.6m $12.6m 0.03% Reduced -299.3k -299,346
52 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.34% of their portfolio BALA CYNWYD, PA 233,608233.6k $12.5m $12.5m 0.34% Added +49.0k +49,003
53 ASR Vermogensbeheer N.V. 0.15% of their portfolio UTRECHT, P7 218,855218.9k $11.6m $11.6m 0.15% Reduced -5.5k -5,461
54 Lansforsakringar Fondforvaltning AB (publ) 0.06% of their portfolio Stockholm, V7 197,499197.5k $10.5m $10.5m 0.06% Added +19.9k +19,882
55 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 191,206191.2k $10.2m $10.2m 0.01% Added +146.0k +145,971
56 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio CAUSEWAY BAY, K3 185,485185.5k $8.4m $8.4m 0.02% Added +132.2k +132,153
57 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 166,778166.8k $8.9m $8.9m 0.01% Added +138.1k +138,098
58 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 166,215166.2k $8.8m $8.8m 0.01% Added +10.6k +10,579
59 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 147,849147.8k $7.9m $7.9m 0.01% Reduced -1.1k -1,097
60 Skandinaviska Enskilda Banken AB (publ) 0.03% of their portfolio STOCKHOLM, V7 146,900146.9k $7.8m $7.8m 0.03% New
61 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 146,424146.4k $7.8m $7.8m 0.03% Added +31.7k +31,712
62 Ilex Capital Partners (UK) LLP 0.25% of their portfolio London, X0 144,905144.9k $7.7m $7.7m 0.25% New
63 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 142,632142.6k $7.6m $7.6m 0.00% Reduced -8.1k -8,080
64 ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio UNITED KINGDOM, X0 119,685119.7k $6.4m $6.4m 0.01% Reduced -8.3k -8,290
65 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 117,964118.0k $6.3m $6.3m 0.00% Added +38.1k +38,132
66 OSSIAM 0.07% of their portfolio PARIS, I0 116,235116.2k $6.2m $6.2m 0.07% Added +49.1k +49,064
67 Ausbil Investment Management Ltd 3.61% of their portfolio SYDNEY, C3 115,791115.8k $6.2m $6.2m 3.61% Added +620 +620
68 USS Investment Management Ltd 0.04% of their portfolio London, X0 111,824111.8k $6.0m $6.0m 0.04% Added +788 +788
69 Numerai GP LLC 0.86% of their portfolio SAN FRANCISCO, CA 111,589111.6k $6.0m $6.0m 0.86% New
70 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 110,748110.7k $5.9m $5.9m 0.01% New
71 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 106,834106.8k $5.7m $5.7m 0.01% Added +98.9k +98,885
72 FORSTA AP-FONDEN 0.00% of their portfolio STOCKHOLM, V7 102,803102.8k $0 $0 0.00% Added +22.7k +22,703
73 Zurich Insurance Group Ltd/FI 0.04% of their portfolio ZURICH, V8 98,57798.6k $5.2m $5.2m 0.04% Reduced -82.8k -82,768
74 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 90,34590.3k $4.8m $4.8m 0.01% Added +7.9k +7,890
75 PRUDENTIAL PLC 0.03% of their portfolio LONDON, X0 86,92886.9k $4.6m $4.6m 0.03% Added +22.2k +22,226
76 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 80,42380.4k $4.3m $4.3m 0.00% Reduced -2.1k -2,110
77 Jefferies Financial Group Inc. 0.07% of their portfolio NEW YORK, NY 75,00575.0k $4.0m $4.0m 0.07% Added +38.2k +38,236
78 Allianz SE 0.09% of their portfolio Munich, 2M 72,70372.7k $3.9m $3.9m 0.09% Added +18 +18
79 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 72,43172.4k $3.8m $3.8m 0.00% Added +23.9k +23,901
80 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 63,61163.6k $3.4m $3.4m 0.00% Added +54.9k +54,871
81 SIH Partners, LLLP 0.30% of their portfolio Wilmington, DE 59,48259.5k $3.2m $3.2m 0.30% Added +31.6k +31,616
82 Vanderbilt University 0.59% of their portfolio NASHVILLE, TN 59,02959.0k $3.1m $3.1m 0.59% Added +1.4k +1,403
83 Onex Canada Asset Management Inc. 0.35% of their portfolio TORONTO, A6 53,57653.6k $2.9m $2.9m 0.35% Reduced -9.4k -9,370
84 Vontobel Holding Ltd. 0.01% of their portfolio ZURICH, V8 53,29953.3k $2.8m $2.8m 0.01% Reduced -401 -401
85 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 52,62452.6k $2.8m $2.8m 0.00% Added +28.4k +28,386
86 ProShare Advisors LLC 0.01% of their portfolio BETHESDA, MD 52,00352.0k $2.8m $2.8m 0.01% Added +2.9k +2,944
87 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 50,24150.2k $2.7m $2.7m 0.02% Added +450 +450
88 Metis Global Partners, LLC 0.06% of their portfolio San Diego, CA 45,86345.9k $2.4m $2.4m 0.06% Reduced -3.6k -3,577
89 WORLDQUANT MILLENNIUM ADVISORS LLC 0.01% of their portfolio NEW YORK, NY 44,15444.2k $2.4m $2.4m 0.01% New
90 Triasima Portfolio Management inc. 0.43% of their portfolio MONTREAL, A8 43,58543.6k $2.3m $2.3m 0.43% New
91 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 42,02342.0k $2.0m $2.0m 0.00% Added +4.7k +4,703
92 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 41,13741.1k $2.2m $2.2m 0.00% Added +8.9k +8,942
93 Alberta Investment Management Corp 0.02% of their portfolio EDMONTON, A0 38,60038.6k $2.1m $2.1m 0.02% New
94 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 37,00637.0k $2.0m $2.0m 0.01% Reduced -1.1k -1,053
95 111 Capital 0.34% of their portfolio PARIS, I0 36,69036.7k $2.0m $2.0m 0.34% New
96 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 36,57636.6k $2.0m $2.0m 0.00% Added +19.2k +19,172
97 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 36,53136.5k $2.0m $2.0m 0.00% Added +25.5k +25,547
98 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 33,97634.0k $1.8m $1.8m 0.00% Added +3.9k +3,879
99 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 33,52033.5k $1.8m $1.8m 0.00% Added +236 +236
100 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 29,44229.4k $1.6m $1.6m 0.02% Unchanged